History of Yandex

The company “Yandex” was registered. Its founders were the shareholders of CompTek. The ru-Net Holdings fund invested more than $5 million into the company, giving it an almost 36% stake. Other shareholders included managers and leading developers of the search engine. Arkady Volozh became CEO.

Yandex.ru learnt how to search specialised information resources — in parallel with web search. In 2000, Yandex could search news resources and product listings. Later parallel search would become much larger.

It was a big year for launches, with Yandex opening a number new services — Yandex.Catalog, Yandex.News, Yandex.Mail, site hosting, Yandex Bookmarks, Yandex Goods (the future Yandex.Market).